268 This table reports ordinary least squares regressions of the risk retention measures on the spread at issuance, controlled for security-design characteristics as well as credit rating, year and security type controls. ‘Spread’ is the quoted margin between the benchmark rate and the coupon of the initial spread, in basis points. ‘Risk Retention Methods’ is a categorical variable indicating the form in which the 5% material net economic interest is obtained, which includes the ‘VES’, ‘OBS’, ‘FLT’ or ‘FLE’ method. The FLT method is the omitted variable. All other control variables are defined in Table 6.2. White (1980) heteroskedasticity-adjusted t-statistics are reported in parentheses and (*), (**), (***) denote significance levels of 10%, 5% and 1%, respectively. Table 6.9: Ordinary least squares regressions of risk retention methods on spread at issuance (floating-rate).
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